Public Crypto BLOG: Revoil - Make Oil Public

REVOIL is the first project in oil industry that will combine the most innovative technologies in environmentally conscious hydrocarbons production and blockchain implementation with a high degree of transparency in all business operations.

We are an oilmen community, but not an ordinary one. It's run by engineers and scientists, who share 3 values: be open to community, contemporary in production and safe for nature.

REVOIL is a complex long-term project aimed at introducing blockchain technology in the oil industry around the world. In the course of the project implementation, an oil company is to be established. REVOIL will acquire development licenses, establish oil wells for production and build pipelines for hydrocarbons. The company will be managed by the members of oil community. Presence of the above features and real operating activities favorably distinguishes REVOIL over the majority of projects carried out in the crypto world. To produce shale oil, it is planned to use innovative technology - AirVento TGT (based on thermogas with oxygen injection) that was developed by the founder of the REVOIL project. Its implementation allows extracting up to ~ 40-50% of proven reserves of the field, which is several times more effective than traditional approaches .

The oil industry is the biggest market in the world. Its estimated value is $102,420,000,000,000 which is bigger than all metal industries combined.

Some analysts believe that the oil business has lost its relevance in the 21st century. However, according to studies done by the leading consulting companies, the demand for oil will grow until 2030 despite the investments in the development of electric vehicles and high-tech materials. This is mainly due to all the emerging Asian economies.

We would like to share some insights from the industry. Today readily retrievable oil reserves make up about 70% of oil production. By 2030, more than 90% of the market will be formed by extraction of hard-to-recover oil reserves.

Revoil Combine 2 Great Technology

AIRVENTO TGT, to gather shale oil 10x more efficiently

Most companies cannot gather hard-to-recover oil in a profitable and eco-friendly way
Corporations don't develop new technologies, because they're oriented on short-term gains
AirVento TGT allows us to gather 10 times more oil from the same oilfield

AirVento TGT (based on the thermo gas with oxygen injection) is our disruptive invention for gathering shale and other hard-to-recover oil. Termogas technology passed tests on Sredne-Nazymskaya oilfield. It allows us to harvest oil where others cannot and still be safe for the environment.

BLOCKCHAIN, to make the industry transparent

Corporations are not interested in sharing benefits from natural resources with anyone
Companies in the oil industry don't want to reveal real performance data
The blockchain allows us to make first really transparent oil production

We use smart contracts based on blockchain to collect, distribute and store data of the quantity of extracted oil. All token owners are able to get actual oil well production indicators in real time. It allows community members to monitor key performance indicators in the oil industry.

Revoil Goal is to make oil public. The oil industry is private party. You cannot join it without huge network and immense capital. All together members of oilmen community will be able to break current market rules. Oil is a natural resource which belongs to everyone. We're going to make it real for each community member, and you can become one.